Showing posts with label Joe. Show all posts
Showing posts with label Joe. Show all posts

Friday, May 26, 2023

Joe Did What? State of the Hostage Situation

 

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As somebody or other said you can never make a deal until you do, and it looks, according to reporting from Jim Tankersley and Catie Edmondson for The New York Times last night, corroborated this morning by the Washington Post, like we're just about there with the debt ceiling, and details are starting to emerge from the process in a way they weren't before. I think we need to fold up the way we feel about the existence of the debt ceiling and keep it for next time Democrats have majorities in both houses of Congress, and take it out then and put a wooden stake through that stupid law's heart and cut off its head and fill its mouth with garlic and bury it at a crossroad (using the reconciliation procedure as needed). I may not be alive by then (last time there was a real chance was probably 1993), so I'm telling you now.

Meanwhile, we might as well turn our attention to what we're going to get instead, which Josh Marshall says is unexpectedly good: it lifts the debt ceiling, rather than increasing it to a given number, for the next two years, until out beyond the next presidential election, so that we won't have to think about it again until 2025, and the budget cuts, as far as is currently understood, are less violent than feared, keeping the veterans' money as is and freezing the rest of the non-defense discretionary spending at 2023 rather than 2022 levels, or just a bit less: